A primary reason traders lose money is the absence of a solid workable and robust strategies. Simply looking at a chart and making the eyes dry is not an effective way to create an effective, profitable plan.

If you develop a robust strategy, it can be used in all market conditions and will get you profit and will inform you when to stay out because conditions are not favorable.

An effective strategy also helps you prepare to take action before a profitable opportunity arises, not after. The goal of your strategy is to uncover patterns and trends that point to trading opportunities that could deliver positive returns.

Now there are two ways you can do this –- first, you can take the long-route of self-learning and do research to identify performance factors related to stock.